NPCC adopts DA proposal to impose price cap on imported rice
The National Price Coordinating Council (NPCC) adopts the Department of Agriculture’s proposal to recommend to the President the imposition of a price ceiling of PHP50.00 per kilogram on imported rice (5% broken) for thirty (30) days.
Anchored on Republic Act No. 7581, as amended, and consistent with Executive Order No. 110, the measure seeks to curb unreasonable price increases and prevent market abuse.
The NPCC hereby endorses to the President the issuance of the necessary Executive Order to ensure affordable rice for Filipino consumers while maintaining market stability.
